Hyatt and Kiraku partner to launch luxury boutique ryokan brand Atona in Japan, with three locations opening in 2026.

Hyatt Hotels Corp. and Kiraku, a Japanese company, are partnering to launch Atona, a luxury boutique ryokan brand in Japan. The first three locations, opening in 2026, will be in Hakone, Yufu, and Yakushima, with starting nightly rates ranging from $800 to $1,300. The joint venture between Hyatt and Kiraku has also closed the Atona Impact Fund, securing an initial funding of 10 billion yen (approximately $64 million) for ATONA ryokan development projects.

May 27, 2024
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